International Trade Under Depreciated Paper. The United States, 1862–79

F. D. Graham

The Quarterly Journal of Economics, 1922, vol. 36, issue 2, 220-273

Abstract: I. The greenback currency period affords a favorable opportunity for a statistical investigation of international trade under depreciated paper. — This investigation to be correlated with recently advanced theory, 221. — II. The international account of the United States from 1862 to 1879, 230. — III. Contrast of changes in the value of gold in the United States with contemporaneous changes in foreign countries, 235. — Dependence of these changes on international loans, 241. — IV. Fluctuations in the merchandise balance and the relation of these to loans and the value of gold, 245. — V. Comparative prices of export, import and domestic commodities and their relation to fluctuations in the value of gold, 249. — Contrast with English prices, 258. — VI. Comparison of wages in industries affected by movements in the value of gold with those unaffected by such movements, 265. — VII. Conclusion, 272.

Date: 1922
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